Post
Topic
Board Mining
Re: Unknown miner growing rapidly in mining % share
by
Fidgets
on 10/06/2013, 18:30:15 UTC
See: http://blockchain.info/pools

The "Unknown" miner had 9% last week, 11% a couple days ago, and 13% now. Even just 1% of the network is a huuuuge jump in hashrate.

To give a comparison, ASICminer has 19% of the share of the network and they actually are a corporation that reinvests their profits into making their own miners (a sure formula for insane growth).

Could this be a government attempting to destroy Bitcoin by dumping a few million into making their own ASICs? Or possibly a private actor trying to gain total control over BTC?

The rapid growth of this unknown miner is very concerning.

That is a bit disturbing.  I'm fairly new to Bitcoin but from what I understand, there is currently no real network protection against a 51% takeover.  While I realize that 13% is a long way from 51% it does raise questions.  What has the community discussed about the vulnerability?  I'm not a techie so I have zero advice, but this strikes me as an impetus to seriously look at the infrastructure.  Thanks for posting, BTW.